Sentences with phrase «payment by the beneficiary»

is a request for payment by the beneficiary for the amount promised as death benefit upon the insured

Not exact matches

The punchline is that IPAB — the Independent Payment Advisory Board created by ACA to control cost growth — is explicitly not permitted to ``... ration health care, raise costs to beneficiaries, restrict benefits, or modify eligibility criteria.»

The results identified pressing issues such as the current lack of payments traceability and confirmation of credit, the lack of visibility on bank fees deducted from transactions and the inconsistencies between the amount sent and amount received by the beneficiary.

«Although the structure of ACOs and their responses to new payment incentives will evolve over time, baseline outpatient care patterns among Medicare beneficiaries served by ACOs suggest distinct challenges in achieving organizational accountability.

A district school board may establish policies to provide for a lump - sum payment for accrued vacation leave to an employee of the district school board upon termination of employment or upon retirement, or to the employee's beneficiary if service is terminated by death.

* to administer the RESP and invest its assets for the benefit of the beneficiary (ies) until the beneficiary (ies) are eligible for Educational Assistance Payments (EAPs); * to add or change a beneficiary as the trustee considers appropriate and if allowed by law; * to direct EAPs and to use refunds of contributions to assist financially with the post-secondary education of an eligible RESP beneficiary, at the times, in the amounts, and in the manner that the trustee considers appropriate; * to maximize use of CESGs when making EAPs; * to wind up the trust when all RESP assets are depleted or, if there are remaining assets, to only wind up the trust when: * the post-secondary education of the RESP beneficiary (ies) is complete; * the maximum life of the plan, as specified by law, has been reached; or * all the RESP beneficiaries have died; and:

This just means that, in the case that you died during the first 2 years of coverage, unless your passing was considered to be an accidental death by the insurer your beneficiaries would only receive a minor payout (the sum of your premium payments with 7 % interest compounded annually).

If LDAP payments don't start by age 60, the beneficiary will no longer qualify for the Disability Tax Credit.

The additional 10 % tax generally does not apply to payments that are: • Paid after you separate from service during or after the year you reach age 55; • Annuity payments; • Automatic enrollment refunds; • Made as a result of total and permanent disability; * • Made because of death; • Made from a beneficiary participant account; • Made in a year you have deductible medical expenses that exceed 7.5 % of your adjusted gross income; * • Ordered by a domestic relations court; or • Paid as substantially equal payments over your life expectancy.For more info see: https://www.tsp.gov/PDF/formspubs/tsp-780.pdf Enjoy your retirement!

The funds that the insurer holds are earning interest, and when a payment is made to your beneficiary, it may include both principal and interest earned by that principal, or only interest.

The only exception to the rule is the case of a representative payee, an individual approved by the agency to handle payments for the beneficiary.

But the major part of the government's debts is promises to make payments to large populations of beneficiaries, under a formula that protects the payments from inflation by tying them to the CPI.

Death Benefit Processing: As a resident of Delaware and beneficiary of a Delaware insurance policy, it is your right as recognized by the State Code to a swift and reasonable payment of death benefits.

Payments sent by direct deposit after the date of death or ineligibility of a beneficiary (except for salary payments) must be returned to the federalPayments sent by direct deposit after the date of death or ineligibility of a beneficiary (except for salary payments) must be returned to the federalpayments) must be returned to the federal agency.

Beneficiary A beneficiary is the person (s) selected by the policy owner to receive the life insurance payments upon the death of tBeneficiary A beneficiary is the person (s) selected by the policy owner to receive the life insurance payments upon the death of tbeneficiary is the person (s) selected by the policy owner to receive the life insurance payments upon the death of the insured.

Premiums are the fixed periodic payment made to the insurance company in return of the lump sum payment offered by the insurer to the beneficiary at the time of demise of the insured person.

Re: DP Shipbuilding and Engineering (2015): instructed to advise and provide expert evidence in relation to right to restrain a beneficiary under a performance guarantee given in connection with a shipbuilding contract from seeking payment by the bank where to do so would be in breach of the underlying contract between buyer and seller.

Because the payment from the life insurance company will usually proceed when the estate tax is due, this arrangement can be handled by a law firm, accountant or even by the beneficiary to ensure that the taxes are fully paid.

A renewable term is contingent on premium payments being up to date, as well as a renewal premium being paid by the beneficiary.

If the chosen Benefit Payment Preference is Save - n - Gain under any of the plan option, in case of death or critical illness suffered by the insured during the tenure of the plan, the Sum Assured is paid to the beneficiary who is the child, all future premiums are waived off and 50 % of the premiums are paid by the company towards the plan and 50 % to the beneficiary on every premium due date and the plan continues.

If the amount of money is quite big then the insurance company may issue periodic payments to the beneficiaries and request that the remaining amount be managed by their company in behalf of the beneficiary.

A demand made by an insured, or an insured's beneficiary, for payment of benefits provided by an insurance policy.

The funds from life insurance are received income tax free by beneficiaries, and the funds can be used for mostly any need that the individual (s) sees fit, such as the payoff of massive debts (including a mortgage balance), the payment of everyday living expenses, and / or to ensure that a child or a grandchild will have the money they need for their future college education.

In the event that the insured policy owner has weeks left to live and can verify such by medical evaluation, then death benefit payments can start being paid out to allocated beneficiaries.

The compensation is payable only as per the compensation payment formula mentioned in the policy schedule and the compensation amounts shall be calculated by the company and accordingly paid to the Insured / beneficiary as per the policy terms and conditions

Death Benefit Processing: As a resident of the State of Indiana and beneficiary of a policy, it is your right as recognized by the State Code to a swift and reasonable payment of death benefits.

Death Benefit Processing: As a resident of Delaware and beneficiary of a Delaware insurance policy, it is your right as recognized by the State Code to a swift and reasonable payment of death benefits.

Generally, as long as the policyholder is expected to die within 12 months of the date of the payment of the living death benefit, and that benefit is discounted only by an amount that is consistent with a life expectancy no greater than one year in duration, the beneficiary (s) is not taxed on the life insurance proceeds.

Life Insurance is a policy provided by an insurance company, according to which in exchange for your premium payments, the insurer is obliged to pay a certain sum (a lump sum or portions of smaller sums) to your beneficiary (persons you choose) in the event of your death.

An individual life insurance policy (one that isn't provided by your employer) can be tailored to your exact needs, enabling your beneficiaries to help pay off your student loans, contribute to mortgage payments and help cover funeral expenses should something happen to you.

For example, the funds that are received by a beneficiary from life insurance can be used for paying off large debt such as a mortgage or credit card bills, the payment of funeral and other final expenses, and / or for the payment of ongoing living expenses by survivors.

A beneficiary is the person (s) selected by the policy owner to receive the life insurance payments upon the death of the insured.

Distributions received by the beneficiary during the remainder of the payout period will result in income tax liability that is equal to what the original owner would have owed, which is tax liability for only a portion of each payment called an «exclusion ratio.»

One of the biggest reasons for this is because the proceeds that are received by life insurance policy beneficiaries can be used for any number of financial needs, such as the payoff of debt (including a home mortgage), as well as the payment of everyday living expenses.

The method of settlement provided by most policies unless an alternate settlement is elected by the policyowner before the insured's death or thereafter by the beneficiary before receiving the payment.

By making regular payments, you are guaranteed a pre-set benefit that beneficiaries receive at the time of death.

It is a request made by the beneficiary for the payment of Death Benefits on the death of the Life Assured, as per the terms of the policy.

If this is not your dad's case, and he's able to speak with us by phone to answer health questions and authorize you as beneficiary and handle payments for him, we may be able to help.

It is a request for payment made by the beneficiary of a life insurance policy to the Life Insurance Company.

The policy has a death benefit that will go to your beneficiary if you were to die in exchange for a monthly premium payment paid by you.

This just means that, in the case that you died during the first 2 years of coverage, unless your passing was considered to be an accidental death by the insurer your beneficiaries would only receive a minor payout (the sum of your premium payments with 7 % interest compounded annually).

Once the life insurance company has received all of the necessary paperwork completed by the beneficiary, along with the original death certificate, the insurance company will send payment usually by mail within 7 to 10 days.

To pay your premium using the e - CMS / NEFT / Bill Pay facility provided by your bank, add Aegon Life as a beneficiary to facilitate renewal payments regularly through Internet Banking.

This is determined on a case by case basis, but as a general rule if you would have been accepted and the policy term starts at the time of application, then there is a good chance the beneficiary would receive the payment.

The next option entails using the cash value in payment for the face amount value which is seldom encouraged because it will lead to less or almost no amount received by the beneficiaries.

All pension plans carry a Death Benefit, though the quantum and structure of the payment to the beneficiary is determined by the type of plan held at the time of policyholder's demise.

If you do not want them to get one big lump sum, you can opt for your beneficiary to receive monthly payments by using the Additional Income Coverage Rider.

In most cases (be sure to check with the policy you are considering), what you'll generally find is that in the event that the insured dies from natural causes during the graded death benefit exclusion period, most if not all of the premiums paid by the insured will be refunded to the insured's beneficiaries plus some type of interest payment based on how long the insured had been making payments!

Most life insurance companies include a rider on their term life policies that allows the payment of a portion of the policy death benefit to be paid to the policy beneficiary (s) in the event the primary insured is diagnosed as terminally ill by a practicing, licensed physician.

A life insurance policy is a contract issued by a life insurance company providing protection against the death of an individual in the form of a payment to a beneficiary.